PUBLISHER: The Business Research Company | PRODUCT CODE: 1464210
PUBLISHER: The Business Research Company | PRODUCT CODE: 1464210
3D technology involves the utilization of three-dimensional digital models or environments to create, simulate, or enhance real-world experiences. This technology facilitates the transformation of digital designs into physical objects, the conversion of real-world objects into digital models, and the presentation of complex data in visually engaging and immersive ways. The applications of 3D technology span various industries, including entertainment, manufacturing, healthcare, architecture, and education, among others.
The primary products in the realm of three-dimensional (3D) technology include 3D cameras, 3D scanners, 3D printers, 3D imaging design tools, and 3D display technology. A 3D camera is an imaging device designed to capture images with depth perception, replicating the three-dimensional experience akin to human vision. These products find applications across various industries, including healthcare, entertainment and media, education, among others. In particular, 3D cameras are utilized for applications such as producing parts, creating prototypes, and designing tools and fixtures in diverse end-user sectors.
The three-dimensional (3D) technology market research report is one of a series of new reports from The Business Research Company that provides three-dimensional (3D) technology market statistics, including three-dimensional (3D) technology industry global market size, regional shares, competitors with a three-dimensional (3D) technology market share, detailed three-dimensional (3D) technology market segments, market trends and opportunities, and any further data you may need to thrive in the three-dimensional (3D) technology industry. This three-dimensional (3D) technology market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The 3D technology market size has grown rapidly in recent years. It will grow from $273.55 billion in 2023 to $318.85 billion in 2024 at a compound annual growth rate (CAGR) of 16.6%. The growth witnessed in the historical period in the three-dimensional (3D) technology sector can be attributed to several key factors. The extensive adoption of 3D technology for design and prototyping within the automotive industry, enhanced gaming experiences, rising demand for virtual reality (VR) and augmented reality (AR) applications, architectural visualization, and the substantial growth in the entertainment and consumer electronics sectors were instrumental in driving the overall expansion of the 3D technology market during this timeframe.
The 3D technology market size is expected to see rapid growth in the next few years. It will grow to $581.91 billion in 2028 at a compound annual growth rate (CAGR) of 16.2%. In the forecast period, the growth in three-dimensional (3D) technology can be attributed to several factors. The increasing use of 3D technology for medical imaging, surgical planning, and custom implants is expected to contribute significantly. Additionally, its application in automotive design and prototyping, the evolving entertainment industry, and the desire for increased product development speed are likely drivers. Ongoing developments such as continuous liquid interface production (CLIP) are also anticipated to play a role in the industry's growth. Major trends expected in the forecast period include continued technological innovation, evolving consumer preferences globally, integration with e-commerce, advancements in 3D printing materials, and technological convergence. These trends reflect the dynamic nature of the 3D technology landscape.
The growth of the 3D technology market is expected to be driven by the expanding entertainment industry. The entertainment sector, comprising theater, film, fine art, dance, opera, music, literary publishing, television, and radio, serves as a significant contributor to the surge in demand for 3D technology. This integration enhances the overall viewing experience across various media, infusing depth and realism into movies, TV shows, and games, thus elevating viewer immersion. The technology's ability to create a profound sense of depth perception actively engages viewers in the presented content. Notably, data from December 2022 provided by Ontario Creates, a US-based government administration, highlights a robust performance in domestic film and television production, contributing $1.20 billion in 2022-a substantial 25% growth from the previous year. This underscores the pivotal role of the entertainment industry in propelling the growth of the 3D technology market.
Major players in the 3D technology market are strategically concentrating on the development of cutting-edge products incorporating advanced technologies to drive innovation, enhance operational efficiency, and enable product customization. One noteworthy example is the Metal Jet S100 Solution, a specific 3D printing technology introduced by Hewlett-Packard Development Company in September 2022. This digitally driven industrial metal 3D printing solution is specifically designed for mass production of high-quality complex metal 3D parts. Employing the binder jetting process, where layers of metal powder are selectively deposited and bonded using a binding agent, this technology stands out for its exceptional precision, speed, and capability to produce intricate geometries. The versatility of the Metal Jet S100 Solution positions it as an efficient choice for manufacturing high-quality metal components with complex designs and tight tolerances.
In February 2023, 3D Systems, a prominent US-based engineering company specializing in innovative 3D printing solutions for the manufacturing industry, successfully acquired Titan Additive LLC. This acquisition strengthens 3D Systems' presence in industrial, extrusion, and healthcare markets, expanding its polymer additive manufacturing (AM) solutions portfolio to tap into new market segments. Titan Additive LLC, recognized for its expertise in designing large-format industrial 3D printers, complements 3D Systems' commitment to advancing additive manufacturing technologies across various industries.
Major companies operating in the three-dimensional (3D) technology market report are BASF SE, Hewlett-Packard Development Company LP, Dassault Systemes SE, Autodesk Inc., EOS GmbH, Stratasys Ltd., Siemens AG, Renishaw plc, 3D Systems Corporation, Proto Labs Inc., Materialise NV, Desktop Metal Inc., Carbon Inc., SLM Solutions Group AG, Markforged Inc., Formlabs Inc., Arcam AB, EnvisionTEC Inc., Nano Dimension Ltd., Shapeways Inc., Voxeljet AG, Optomec Inc., ExOne Co., XYZprinting Inc., Mcor Technologies Ltd.
North America was the largest region in the three-dimensional (3D) technology market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the three-dimensional (3D) technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the three-dimensional (3D) technology market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The three-dimensional (3D) technology market consists of revenues earned by entities by providing services such as 3D printing services, 3D modeling and design, 3D animation and visualization, medical 3D imaging and printing, 3D mapping, and 3D gaming development. The market value includes the value of related goods sold by the service providers or included within the service offering. The three-dimensional (3D) technology market also includes sales of 3D bioprinters, 3D printing materials, 3D motion capture systems, 3D glasses and virtual reality (VR) headsets. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Three-Dimensional (3D) Technology Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on three-dimensional (3D) technology market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for three-dimensional (3D) technology ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The three-dimensional (3D) technology market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.